Can Developers in Developing Countries Make as Much Money as Those in Developed Countries?

Here’s the question:

“With regard to the business of freelancing (specifically web design and development), is it possible for people in developing regions of the world (India and Eastern Europe, to name a few) to command equal rates as people in 1st world countries? If the answer is yes, then how?”

Here’s the question on Quora:
http://www.quora.com/With-regard-to-the-business-of-freelancing-specifically-web-design-and-development-is-it-possible-for-people-in-developing-regions-of-the-world-India-and-Eastern-Europe-to-name-a-few-to-command-equal-rates-as-people-in-1st-world-countries-If-the-answer-is-yes-then-how
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